Dearness Allowance

Clerical and Subordinate Staff - 0.10% of 'pay'

Dearness Allowance in the above manner shall be paid for every rise or fall of 4
points over 4440 points in the quarterly average of the All India Average Working
Class Consumer Price Index (General) Base 1960=100.

It is clarified that there shall be no ceiling on Dearness Allowance.

Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay,
Graduation Pay, Professional Qualification Pay and Officiating Pay, if any,
payable under this settlement in respect of both clerical and subordinate staff.

SPECIAL PAY - For Clerical Staff (w.e.f. 1.11.2012

Sr. No.

Post

Special Pay (Rs.)

1.

Single Window Operator 'B'

820

2.

Head Cashier - II

1280

3.

Special Assistant

1930

For Subordinate Staff (w.e.f. 1.11.2012)

Sr. No.

Post

Special Pay (Rs.)

1.

Armed Guard

390

2.

Bill Collector

390

3.

Daftary

560

4.

Head Peon

740

5.

Electrician

2040

6.

AC Plant Operator

2040

7.

Driver

2370

8.

Head Messenger in IOB

1630

House Rent Allowance

Sr. No.

Area

Rate as percentage of Pay[No Min / Max]

(i)

Places with population of more than 45 lakhs and
Project Area Centres in Group 'A'

10.00%

(ii)

Places with population of 12 lakhs and above
including State of Goa and Project Area Centres in
Group 'B'

9.00%

(iii)

Other places not covered in (i) and (ii) above

7.50%

Note:

Where quarters are provided, HRA shall not be payable and the rent to be
recovered shall be 0.3% of the first stage of the Scales of Pay.

All other existing provisions relating to House Rent Allowance shall remain
unchanged.

Medical Aid

Rs.2200 /- per annum with effect from 1st November 2012, for the year 2012, the reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.e. November and
December 2012.

Special Allowance

With effect from 1.11.2012, workmen employees shall be paid Special Allowance at
7.75% of the Basic pay with applicable DA thereon.

Note : The Special Allowance with applicable DA thereon shall not be reckoned for
superannuation benefits viz., pension including contribution to NPS, PF & Gratuity.

Transport Allowance

Clerical and Subordinate Staff

Upto 15th stage of the scale of Pay - Rs.425/- per month

16th stage of the scale of Pay and above - Rs.470/- per month

Provided that a sub-staff drawing transport allowance at Rs.470/- per month, on being
promoted to clerical cadre is fitted at a stage lower than 16th stage, he shall continue to
be paid the same Transport Allowance of Rs.470/- per month.

Note: (i) All permanent part time employees including those on probation and drawing
scale wages shall be paid transport allowance on pro rata basis as under:

Upto 15 years of service - Pro rata @Rs.425/- per month

Above 15 years of service -Pro rata @Rs.470/- per month

(ii)This provision by itself will not preclude the payment of any existing
allowance of this nature paid as a result of Government guidelines/bank level
settlements.

Hill and Fuel Allowance

a

At places situated at a height of 3000
metres and above

8% of pay (Max. Rs.1500/-p.m.)

b.

At places situated at a height of and over 1500
metres but below 3000 metres

4% of pay (Max. Rs.600/-p.m.)

c.

At places situated at a height of over
1000 metres but less than 1500 metres and Mercara Town

3% of pay (Max. Rs.500/-p.m.)

Washing Allowance

Rs.150/- p.m., where the washing of livery is not arranged by the bank

Cycle Allowance

Payable to the members of the subordinate staff
who are required to use a cycle on regular assignment for outdoor duties at Rs.100/-
p.m. at all centers. Cycle allowance would not be paid to workman member of the subordinate staff
entitled to the allowance for the period of leave where such leave exceeds 30 days.